Market Size of Global Goat Milk Formula Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.17 Billion |
| Market Size (2029) | USD 10.33 Billion |
| CAGR (2024 - 2029) | 14.86 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Global Goat Milk Formula Market Analysis
The Global Goat Milk Formula Market size is estimated at USD 5.17 billion in 2024, and is expected to reach USD 10.33 billion by 2029, growing at a CAGR of 14.86% during the forecast period (2024-2029).
Lower risk of allergy, high content of good fats like polyunsaturated fats, and low lactose content are the major factors driving the demand for goat milk formula among parents. Also, the relatively higher presence of prebiotics in goat milk and the smaller quantity of all cholesterol impact the buying behavior of parents, thus propelling the market’s growth.
Goat milk formula has been popularized and is better recognized by consumers after a decade of growth. More dairy makers are investing in the product, given the increasingly fierce competition in the goat milk formula market. For instance, in January 2024, Kabrita USA launched a goat-milk infant formula following a lengthy process to determine its whey protein concentrate and non-fat dry goat milk as Generally Recognized As Safe (GRAS) for infants. Active promotion through advertising has led many parents to believe that infant formula is a better and healthier alternative to breastmilk, leading to the increasing adoption of milk formulas, including the ones made from goat milk.
Asia-Pacific stands out as one of the leading consumers of goat milk formula, which is propelled by the increasing presence of lactose intolerance. Goat's milk is naturally lower in terms of lactose content, making it a viable option for parents concerned about lactose-related issues in their children. In February 2022, according to an article published by ChemLinked, Asian people were declared to be genetically predisposed to lactose deficiency, with around 92% of adults suffering from lactose intolerance in China.
